So if ROY does not finish BFS by early 2017, mining right revert back to Mintech?
Once finished BFS, ROY will need to pay $20m to Mintech?
Maybe investors are worry about tight schedule and $20m payable to Mintech. I know early 2017 still long way, but where is ROY's PFS after so much delays.
Also BFE is very expensive to fund could cost $50m or more in some cases. So you really need a generous JV partner to fund BFE fee & $20m payment, & running cost.
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